‘Da Bears are back in in charge. And just like that we are looking at another test of the 200-day moving average on the S&P 500 (SPX). On the Nasdaq 100 (NDX), you have a head and shoulders pattern forming, though not yet confirmed.Â
My Swing Trading Approach I added one new position, while subtracting another, Bank of America (BAC), for a 4.2% profit. I will look to add one additional position before the end of the day today, should the market hold up. Indicators
My Swing Trading Approach I am still playing this market cautiously. I will consider adding another long position to the portfolio, but won’t do it on anything less than ideal trading conditions. Right now the headline risk is notable, and prevents any significant long exposure in this market. Indicators
My Swing Trading Approach Going to take a cautious approach with this market today, with the pre-market futs as weak as they are. Raise stops where I can, and even consider a short position if the market warrants it. Indicators
My Swing Trading Approach I am still taking a cautious approach with this market while it is stuck in consolidation. I added one new position yesterday, and may add another today, but will not be overly aggressive with my trading, until we can get some kind of breakout. Indicators
If you have traded this market at all over the last two weeks - you know two things for certain: 1. The price action is unpredictable! and 2. Volatility is Crazy! If you survived or took minimal losses during this time, you are doing quite well relative to most everyone else. There have been mixed
Stock Market has yet to see anyone even remotely try and buy the dip There isn’t insane volume sweeping the market today, like what we saw back in February, but the extent of this sell-off is quite extreme, especially for one day. There is plenty of news headlines hitting the market hard today, which is
My Swing Trading Approach Wait and see for this market. I have some long exposure, but the market has to show that it can sustain this bounce from Friday, in order for me to add more swing-trades to the portfolio. Indicators
My Swing Trading Approach I am looking to play the bounce this morning. Will look to add 1-3 new positions to the portfolio today, should the bounce hold. Clear risk/reward setup with this market going forward. Indicators
My Swing Trading Approach I am looking to play the bounce this morning. Will look to add 1-3 new positions to the portfolio today, should the bounce hold. Clear risk/reward setup with this market going forward. Indicators